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24 Apr 2025 9:02
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      Home > News > Business

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging


    Tesla says quarterly profits fell by 70 per cent to to $US409 million, or 12 cents a share, as Q1 revenue fell nine per cent to $US19.3 billion.

    The company's struggles to sell cars to consumers angry over Musk's leadership of a federal government jobs-cutting group that has divided the country and sparked protests.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     23 Apr: Super Rugby's table topping Chiefs are welcoming key troops back at the business end of the season
     23 Apr: Donald Trump says US tariffs on China will be reduced 'substantially'
     23 Apr: Pope Francis's death puts spotlight on Beijing view of Holy See, Vatican
     23 Apr: The Climate Commission's calling for carbon credits to stay the same price
     23 Apr: Alliance Group is on track to return to profitability, after reporting two losses in a row
     Top Stories

    RUGBY RUGBY
    Super Rugby's table topping Chiefs are welcoming key troops back at the business end of the season More...

    BUSINESS BUSINESS
    The heath sector's welcoming more money in the pockets of new graduates More...


     Today's News

    		 Entertainment:
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     International:
    Over five decades, here's how voters have shifted away from the major parties 8:37

     Health & Safety:
    Pope Francis's final hours: A simple dinner, a wave to a friend and a meeting with an adversary 8:37

     Cricket:
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     Entertainment:
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     Accident and Emergency:
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     Soccer:
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     Politics:
    Telco companies and digital platforms need to step up to protect people from scams 8:07

     Business:
    The heath sector's welcoming more money in the pockets of new graduates 7:57

     Entertainment:
    Alicia Silverstone is reprising her role in 'Clueless' for a new TV series after 30 years 7:48

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